RGESS Must Be Uncomplicated: V. Ramesh

Sep 19 2013

September 19: AMFI Deputy CEO V. Ramesh says RGESS, which was launched in February, is in its early days. One of our concerns was that the MF option in the scheme only caters to those with D-MAT accounts, which makes it less attractive for new investors, he says. Moreover, people are interested in taking tax benefits but the scheme needs to be simplified, he says, adding that if the scheme is tweaked appropriately, it can be more of a success.